Housing Market
All Reports
August 17, 2023
Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low. New homes are most common in El Paso, TX, Omaha, NE and Raleigh, NC, and least common in California and Hawaii. Newly built homes made up nearly one-third (31.4%) of U.S. single-family homes on the market in the second […]
August 15, 2023
In San Jose and San Diego, no homes for sale near the schools Redfin analyzed are affordable on the local teacher’s median salary. Just three metros had a share above 50%: Detroit, Cleveland and Pittsburgh. The average teacher can afford just 12% of homes for sale within commuting distance of their school, down from 17% […]
August 11, 2023
The share of million-dollar-plus homes is on the upswing after dropping to a 12-month low in February. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Just over 8% of U.S. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. This […]
August 11, 2023
The total worth of U.S. homes hit a record $47 trillion in June as a scarcity of houses for sale propped up values. Affordable markets including Little Rock and Milwaukee saw the biggest jumps in value, while pricey West Coast metros and pandemic boomtowns faced large drops; L.A. has shed $153 billion since last summer. […]
August 10, 2023
The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last year. The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. While rents are just shy of their all-time high, rent […]
